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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
AB 2430 |
CA | 2024 | D | Affordable housing incentives and financing, Density bonus |
Provided by Furman
Summary
- Adds Section 65915.3 to the Government Code to prohibit a locality from charging a monitoring fee for developments using the Density Bonus Law if it meets certain criteria, including having received a density bonus through Section 65915, being subject to a regulatory agreement with certain state agencies that monitors compliance.
- Defines “monitoring fee” as a fee charged by a city, county, or city and county on a recurring basis to oversee and ensure the continued affordability of a housing development.
- Localities are still permitted to charge a monitoring fee for developments if the applicant utilizes local incentive programs or receives funding from local, regional, state, or Federal governments that require greater or different levels of affordability than State requirements.
Provided by lawmakers
Bill Title
Planning and zoning: density bonuses: monitoring fees